Brokerages Set Newell Brands Inc. (NASDAQ:NWL) PT at $10.70

Newell Brands Inc. (NASDAQ:NWL) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.70.

A number of brokerages recently commented on NWL. UBS Group lifted their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Barclays raised their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their target price on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

Newell Brands Price Performance

Shares of NWL stock opened at $10.29 on Monday. The stock has a 50-day moving average price of $10.11 and a 200 day moving average price of $8.54. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -17.15, a PEG ratio of 0.89 and a beta of 0.89. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio is presently -46.67%.

Insider Activity at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWL. Hennessy Advisors Inc. acquired a new position in shares of Newell Brands during the 4th quarter worth approximately $72,431,000. Victory Capital Management Inc. increased its position in shares of Newell Brands by 5,324.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock worth $36,282,000 after purchasing an additional 4,637,180 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after acquiring an additional 2,634,114 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Newell Brands by 106.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock worth $16,042,000 after acquiring an additional 1,314,514 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Newell Brands by 21.5% during the 3rd quarter. FMR LLC now owns 4,354,913 shares of the company’s stock worth $33,446,000 after acquiring an additional 770,717 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.